Tuttle Capital Short Innovation ETF (SARK) Breaks $100 Million AUM Barrier
17 December 2021 - 12:08AM
Business Wire
SARK is 5th most actively-traded fund of all
ETFs launched in 2021
Tuttle Capital Management LLC (“TCM”) is pleased to announce
that its Tuttle Capital Short Innovation ETF (Nasdaq:SARK) has
surpassed $100 million in assets under management (AUM). As of the
close of business on December 14, AUM stood at $107.5 million,
having reached the $100 million mark in just 24 trading days. SARK
allows investors to express a short view on a portfolio of
companies across several transformational industries such as
next-gen internet, electric vehicles, genomics, and fintech.
From its November 9 listing through December 14, SARK’s volume
has averaged 590,00 shares per day. On a turnover basis, SARK is
averaging over $21.5 million traded per day, making it the 5th most
actively-traded ETF launched so far this year. Additionally,
options on SARK began trading on December 1, 2021.
“While the $100 million AUM level is an accomplishment on its
own, we are extremely encouraged by SARK’s trading volumes since
the launch. Investors have really embraced the fund not only as a
way to hedge their growth portfolios, but as a vehicle to invest
against a basket of stocks that are especially vulnerable in a
rising rate environment,” commented Matthew Tuttle, Chief Executive
Officer and Chief Investment Officer of TCM, Advisor to SARK.
For more information please visit www.SARKetf.com.
About Tuttle Capital Management TCM is an industry leader in
offering thematic ETFs that utilize informed agility to manage
portfolios in a more dynamic manner. As of December 14, 2021, TCM
managed 12 strategies with AUM of $227 million. Please visit
www.tuttlecap.com for more information.
The Tuttle Capital Short Innovation ETF, the Collaborative
Investment Series trust, and Tuttle Capital Management, LLC are not
affiliated with the ARK ETF Trust, The ARK Innovation ETF, or ARK
Investment Management LLC.
There is no guarantee that this, or any investment strategy will
succeed. Shares of these ETFs are bought and sold at market price
(not NAV) and are not individually redeemed from the ETF. Brokerage
commissions will reduce returns.
Investors should carefully consider the investment
objectives, risks, charges and expenses of the Tuttle Capital Short
Innovation ETF. This and other important information about the Fund
are contained in the prospectus, which can be obtained SARKetf.com
or by calling 866-904-0406. The prospectus should be read carefully
before investing.
Investing involves risk, including the potential loss of
principal.
The use of inverse instruments may expose the Fund to
additional risks that it would not be subject to if it invested
only in "long" positions.
Trading derivative instruments involves risks different from,
or possibly greater than, the risks associated with investing
directly in securities.
Distributor: Foreside Fund Services, LLC
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version on businesswire.com: https://www.businesswire.com/news/home/20211216005152/en/
Media: Morgan Polley Gregory FCA, for Tuttle Capital
Management (610) 228-2140 morgan@gregoryfca.com
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